Michigan § 500.8105 - Receiver; application for relief.
Full text of Michigan Michigan Compiled Laws § 500.8105 — Receiver; application for relief. , with citation guidance and answers to common questions.
§ 500.8105. Receiver; application for relief.
A receiver appointed in a proceeding under this chapter may at any time apply for, and the circuit court for Ingham county may grant, a restraining order, preliminary injunction, permanent injunction, and any other order as may be considered necessary and proper to prevent any of the following:
The transaction of further business by the insurer.
The transfer of property.
Interference with the receiver or with a proceeding under this chapter.
Waste of the insurer's assets.
Dissipation and transfer of bank accounts.
The institution or further prosecution of any actions or proceedings.
The obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets, or its policyholders.
The levying of execution against the insurer, its assets, or its policyholders.
The making of a sale or deed for nonpayment of taxes or assessments that would lessen the value of the insurer's assets.
The withholding from the receiver of books, accounts, documents, or other records relating to the insurer's business.
Other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors, or shareholders, or the administration of a proceeding under this chapter.
The receiver may apply to a court outside of the state for the relief described in subsection (1).
Frequently Asked Questions About Michigan § 500.8105
What does Michigan Compiled Laws § 500.8105 cover?
Section 500.8105 ("Receiver; application for relief. ") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.8105?
A common citation format is "Michigan Compiled Laws § 500.8105" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.8105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.